FINANCE COMMITTEE
AUDIT REPORT
MEETING MINUTES
A special meeting of the Chippewa County Board of
Commissioners Finance Committee was held on
MEMBERS PRESENT: Richard
Timmer, Chairperson, Don Cooper, Bernard LaJoie, Jim Moore, Ted Postula, Earl
Kay and Scott Shackleton (
MEMBERS ABSENT: None
OTHERS PRESENT: Phil
Wolf, Anderson, Tackman & Company, Marilyn McDonald, Treasurer, Kelly
Beaune, Sheriff Moran, Gail Shunk, Barb Fortin, Margie Hank, Jan Sweet, Mary
Sue Nelson, Tina Ojala, Sharon Kennedy, Cynthia Morley, Kathy Munson, Cecelia
Harrison, Thelma Bosbous
Additions / Deletions to the Agenda
Chairperson Timmer called for changes to the
agenda. Hearing none, the agenda was
declared approved as presented.
Public Comments
There were no public comments.
Agenda Item:
Presentation of Annual Audit
Auditor Phil Wolfe presented and reviewed documents
included in the annual audit report and explained the purpose of each. He
reviewed the independent auditor’s opinion.
Mr. Wolf presented and reviewed the general fund
balance sheet, a number of graphs, his Report to Management and the meaning of
each section of the report. The
Committee discussed issues concerning the FY2004 Audit and the direction that
needs to be taken regarding the Controller’s and Finance Director’s position. Mr. Wolf gave the Committee three options 1)
leave as is, 2) hire a part time consultant to tie out the general ledger and
the bank statements or 3) hire a Finance Director. Discussion continued regarding each option. The County is only maintaining a 1% rainy day
fund, when it should be carry approximately a 10% rainy day fund, last years
actions were only short term fixes and we had no capitol outlay. Mr. Wolf will be getting back with the
Finance Committee with a position description and qualifications for the
consultant position.
It was moved by Commissioner Moore, supported by Commissioner LaJoie, to approve the FY2004 Audit report as presented, and have a copy sent to the Bayliss Public Library, copies available in the Clerk’s Office, and on the County’s homepage. On a voice vote, the motion CARRIED.
Commission Comments
Commissioner Earl Kay thanked everyone for their
diligent work on this year audit.
Chairperson’s Comments
Commissioner Cooper wanted to know how long the flag
pole has been broke, and when we can get it fixed, as local residents have
mentioned the lack of the flag on top of the Courthouse.
Adjourn
It was moved by Commissioner LaJoie, seconded by Commissioner Moore, to adjourn the meeting. On a voice vote, the motion was CARRIED.
Chairperson Timmer declared the meeting adjourned at
__________________________________ __________________________________
Kelly J.
Beaune, Recorder Richard
Timmer, Chairperson